Current Trading Positions for USDCHF240 (USDCHF240) Daily on 14-Jun-2007

* An Intermediate degree trader (hold positions from months to quarters), would currently be trading long in this market. The probability of this Target Area being correct is 65.5%. However, the random probability of this Target Area being correct is 45.0%. So the true probability of this Target Area being correct is 45.6% better than random.

Extensive Elliott Commentary for USDCHF240 (Daily) on 14-Jun-2007 with two incomplete patterns:

Wave (C) of the Intermediate degree inverted Zigzag with a rating of 106 is expected to complete in the price range 1.2311 to 1.3062, but more probably between 1.2426 and 1.2806. This wave could complete anytime between now and 23-Oct-2007, but is most likely to complete sometime between 23-Jun-2007 and 14-Aug-2007.

This wave (C) will complete the ZigZag pattern.

This is the final wave in the pattern. When complete it will also complete wave B of the Primary degree Flat with a rating of 96.6. These two waves have the same target ranges.

After wave B is complete, expect the market to continue down into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 89% - 172%. Wave C can also be expected to be 94% - 172% of the price length of wave A. The expected time for wave C to complete is 50% - 236% of the time taken for wave B to complete and 53% - 211% of the time taken for wave A to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 14-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 12, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software..